The Organisation of Petroleum Exporting Countries (OPEC) has commended President Muhammadu Buhari and the National Assembly on the passage of the Petroleum Industry Bill by the National Assembly. OPEC Secretary-General, Dr Mohammad Barkindo, gave the commendation at the ongoing 20th Nigeria Oil and Gas Conference (NOG) in Abuja, on Tuesday. The theme of the conference…
By Ayomide otitoju The Lagos Chamber of Commerce and Industry (LCCI) has announced the appointment of Dr Chinyere Almona as Director-General following the retirement of the erstwhile DG, Dr Muda Yusuf. The former LCCI boss bowed out on the expiration of his tenure of office, having served the Chamber for a total of 24 years…
By Blessing Olaifa, Abuja The Nigerian Communications Commission (NCC) has generated N150 billion spectrum revenue for the Federal Government between January and May. The revenue exceeded NCC’s N36 billion projected revenue from spectrum license fees for 2021. According to Director of Public Affairs of NCC Dr Ikechukwu Adinde, the figure represents over 400 per cent…
Agency Report Saudi Arabia has suspended flights to three countries, including the neighboring United Arab Emirates, to protect against a coronavirus variant, the interior ministry said Saturday. The move comes seven weeks after the oil-rich kingdom permitted fully immunised citizens to travel abroad, after a ban on foreign trips that lasted more than a year….
By Opeyemi Oladele, Henceforth in Ogun State, cases and disputes in business transactions between two parties of not more than one million naira will be settled amicably in Small Claims Courts without the involvement of lawyers, the State Attorney-General and Commissioner for Justice, Mr. Akingbolahan Adeniran has disclosed. Adeniran made this revelation at a training…
By Oluwafunso Obasan, The Public Private Partnership model of the Prince Dapo Abiodun administration in Ogun State has received an additional boost, as AfreximBank is dedicating the sum of $200m towards projects implementation and other initiatives of the administrationThe President/Chairman, Board of Directors, AfreximBank, Mr. Benedict Oramah who made this known at the Governor’s office,…
Okechukwu Nnodim Indications emerged on Thursday that the planned July 1, 2021 review of the various electricity tariffs in Nigeria had been stalled following concerns around low power generation by the sector. It was gathered that gas constraints to gas-fired power generation plants and the reduced water level needed by hydropower stations had impacted negatively…
Nike Popoola The Managing Director and Chief Executive Officer, Sterling Bank Plc, Mr Abubakar Suleiman, has called on players in the private sector to provide vigorous support to the ongoing COVID-19 vaccination exercise so that more people will get vaccinated and drive a speedier reopening of the economy. He said this while addressing participants at…
A pan-African financial institution, United Bank for Africa Plc, has said it is committed to supporting businesses and financial inclusion in Africa through its consumer lending products. UBA said there had been clear evidence that credit remained a major economic stimulant and growth driver. According to the lender, credit has been largely inaccessible to the…
